Charter Financial Corp (NASDAQ:CHFN) – FIG Partners boosted their Q2 2018 earnings per share (EPS) estimates for Charter Financial in a report released on Wednesday, Zacks Investment Research reports. FIG Partners analyst C. Marinac now forecasts that the bank will earn $0.31 per share for the quarter, up from their previous forecast of $0.28. FIG Partners also issued estimates for Charter Financial’s Q3 2018 earnings at $0.34 EPS, Q2 2019 earnings at $0.31 EPS and Q3 2019 earnings at $0.38 EPS.
CHFN has been the topic of several other reports. ValuEngine lowered shares of Charter Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. BidaskClub lowered shares of Charter Financial from a “buy” rating to a “hold” rating in a report on Friday, December 15th.
Shares of Charter Financial stock traded down $0.26 on Thursday, reaching $20.56. 32,842 shares of the company traded hands, compared to its average volume of 33,224. The stock has a market cap of $317.47, a price-to-earnings ratio of 22.63 and a beta of 0.41. Charter Financial has a 12-month low of $15.81 and a 12-month high of $21.94. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 0.98.
Charter Financial (NASDAQ:CHFN) last announced its quarterly earnings results on Friday, January 26th. The bank reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $19.70 million for the quarter, compared to analysts’ expectations of $18.17 million. Charter Financial had a net margin of 17.69% and a return on equity of 6.12%.
A number of institutional investors and hedge funds have recently modified their holdings of CHFN. Ladenburg Thalmann Financial Services Inc. raised its holdings in Charter Financial by 3,041.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,319 shares of the bank’s stock valued at $128,000 after buying an additional 7,086 shares during the period. SG Americas Securities LLC purchased a new stake in Charter Financial in the 4th quarter valued at about $166,000. AXA purchased a new stake in Charter Financial in the 4th quarter valued at about $247,000. Raymond James Financial Services Advisors Inc. increased its stake in Charter Financial by 2.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,962 shares of the bank’s stock worth $269,000 after purchasing an additional 335 shares during the period. Finally, American Century Companies Inc. purchased a new stake in Charter Financial during the third quarter worth about $294,000. Hedge funds and other institutional investors own 66.15% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th were issued a $0.08 dividend. This is a positive change from Charter Financial’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a yield of 1.56%. The ex-dividend date was Monday, February 12th. Charter Financial’s payout ratio is 35.17%.
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About Charter Financial
Charter Financial Corporation is a savings and loan holding company for CharterBank (the Bank). The Bank is a federally-chartered savings bank. The Bank’s principal business consists of attracting retail deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, one- to four-family residential mortgage loans, construction loans and investment securities, commercial business loans, home equity loans and lines of credit, and other consumer loans.
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